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Germany to take 40% stake in Leopard tank maker KNDS alongside France

Euronews · Jun 22, 2026, 11:32 AM · Also reported by 2 other sources

Why this matters: an international story with cross-border implications worth tracking.

Berlin is preparing to buy a 40% stake in KNDS, the Franco-German group behind the Leopard and Leclerc battle tanks, putting it alongside France as a state shareholder in one of Europe's most important defence firms.

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Also covered by

CNBC Defense giant KNDS moves closer to IPO after France-Germany stake deal Bloomberg Markets Germany, KNDS Family Owners Agree on Stake Sale Ahead of IPO

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